Place water and butter in medium saucepan. Bring to boil.
Add flour; cook on low heat until mixture forms a ball, stirring vigorously.
Remove from heat.
Add eggs, 1 at a time, beating well after each addition. Drop rounded teaspoonfuls of batter onto ungreased baking sheet.
Bake 30 to 35 min. or until golden brown.
Remove immediately from baking sheet; cool.
Mix crabmeat, olives, green pepper, dressing and hot pepper sauce.
Cut tops from cream puffs; fill evenly with crabmeat mixture, using about 1-1/2 tsp. of the crabmeat mixture for each cream puff. Replace tops. Store leftover cream puffs in rerigerator.